Loan / EMI Calculator
Monthly loan payments.
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About Loan / EMI Calculator
The Loan Calculator estimates your monthly payment for any fixed-rate loan. Enter the loan amount, annual interest rate, and term in years, and it instantly shows your monthly payment along with the total interest and total amount paid over the life of the loan.
It's completely free and runs entirely in your browser. Nothing you type is uploaded or stored anywhere, and results update live as you adjust the numbers, so you can compare scenarios in seconds.
Frequently asked questions
- Is this loan calculator free to use?
- Yes, it's 100% free with no sign-up, limits, or hidden fees. Use it as often as you like.
- Is my financial data uploaded or stored?
- No. All calculations run entirely in your browser, and nothing you enter is sent to a server or saved anywhere.
- How is the monthly payment calculated?
- It uses the standard amortization formula, dividing the annual rate into a monthly rate and spreading equal payments across the total number of months in your term.
- Can I use it for a 0% interest loan?
- Yes. When the interest rate is 0%, the monthly payment is simply the loan amount divided by the number of months, and total interest shows as zero.
- Does it work for mortgages, auto loans, and personal loans?
- Yes. Any fixed-rate loan with equal monthly payments works, including mortgages, car loans, student loans, and personal loans.
- Does the estimate include taxes, insurance, or fees?
- No. It calculates principal and interest only. Property taxes, insurance, PMI, and closing costs are not included in the monthly payment shown.